TXN Drilling Commences

2010-08-02 14:10:28

DRILLING COMMENCES ON SEVENTH LEIGHTON DEVELOPMENT WELL
Texon Petroleum Ltd (TXN) has advised that the seventh Leighton well, Tyler Ranch #6, commenced drilling on 1 August 2010 and is currently at a depth of 70 metres.
The well has a planned total depth of 2,743 metres (9,000 feet) and will take about 12 to 15 days to drill. Global has a 15% working interest (11.25% net revenue interest) in 830.4 acres of Olmos reservoir at the Leighton Project.
Enquiries: Global Petroleum Limited Clint McGhie Tel + 61 8 9322 6322 Emailglobal.info@globalpetroleum.com.au Astaire Securities Plc (Nominated Adviser and Broker) William Vandyk Tel +44 20 7492 4750.